Crowdonomics
All companies
ViscoSoft Group logo

ViscoSoft Group

Operating

ViscoSoft Group, LLC

Healthcare · Charlotte, NC · Founded 2021

High-end bedding products that deliver ultimate comfort, value

Post-money valuation ⓘ
$50.0M
As of Nov 2021 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$22,458
Across 1 round since 2021
Latest share price
$188.68
Reg CF · Common Stock · Sep 2021 offering price

Financials

FY2019–FY2020 · from SEC filings · hover any figure for its source
$30.2M
−$779K
2019
$30.5M
$41K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed*
FY2020 reviewed*
Income statement
Revenue
$30,151,000
$30,522,000
Cost of goods sold
$17,673,000
$14,536,000
Gross margin
41%
52%
Net income
-$779,000
$41,000
Taxes paid
$0
$0
Balance sheet
Cash
$302,000
$432,000
Accounts receivable
$3,584,000
$2,868,000
Total assets
$7,917,000
$7,964,000
Short-term debt
$8,374,000
$8,531,000
Long-term debt
$1,186,000
$1,064,000
Total liabilities
$9,560,000
$9,595,000
Other
Headcount
—
35

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$50.0M
pre-money
Reg CF · Common · Sep 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Fundraising history

Raised $22.5K / $1.1MInvestors 40Post-money $50M

Team

6 people
Gabriel DunganFounder
Co-founder & CEO/President

As CEO, Gabe leads the comprehensive business strategy, expansion, and vision for the future. Experienced in setting up businesses in foreign countries (China, France), developing sales networks, multi-cultural management, and implementing production teams. Started ViscoSoft (formerly Skytex) in Shanghai in 2007 at 25 with $54,000 in initial capital. He speaks fluent French and Chinese and holds a BS from UNC Chapel Hill’s Kenan-Flagler School of business with concentrations in Statistics and Finance.

Matthieu WitkowskiFounder
Co-founder & President of ViscoSoft France

As a marketing specialist and business strategist, Matthieu has been influential in ViscoSoft’s business strategy and expansion. He currently runs the European business branch out of Strasbourg, France, strategically located at the heart of Europe. He launched the Mello Mattress brand taking off at breakneck speed and elected 2020 product of the year by France’s largest consumer award. Research marketing passionate, Matthieu also contributes to product development bringing design and utilitarian expertise. Along with Rick and Gabe, he is a founding partner of the original 2007 Shanghai company. Fluent in French, English, and Chinese, Matt graduated from the Marshall School of Business of the University of Southern California, with a double emphasis in Marketing and Entrepreneurial Studies.

Rick WoFounder
Co-founder & Chief Product Officer

Brings more than 20 years of experience in the sourcing, manufacturing, and product development areas. He leads the development of our physical products and maintains an obsession with testing (both chemical and mechanical) as well as working with marketing teams to integrate consumer feedback into the products’ physical properties. Runs our Shanghai office and partnerships with a complex supply chain of fabric, dyeing, accessory, polyurethane, and processing suppliers throughout eastern China. Rick holds an undergraduate degree in Textile Engineering and Design from Shanghai’s Donghua University and an MBA from Southbank University in London.

Vincent Dungan
CFO

As CFO, Vincent has overseen all finance for 4 separate businesses under the ViscoSoft umbrella since 2010. This includes companies in China, Hong Kong, France and the US. In this role, Vincent has worked with banks across the world to execute loans and lines of credit for the working capital needed to grow the business. He also helped implement a cloud ERP system to enable seamless accounting between ViscoSoft’s subsidiaries. Vincent graduated from UNC-Chapel Hill with a degree in International Studies and minors in French and Spanish. He speaks French, Chinese, and Spanish.

Jason Alpern
VP of Marketing

Jason oversees all marketing operations for the brand family and is focused on brand exposure, channel expansion and lead generation objectives. Previously Jason was a marketing officer at Red Ventures and SVP of Digital Marketing at Bank of America. Channel management and expertise includes SEM (PPC), search engine optimization, re-marketing, online display, website optimization and partnerships. Jason is a graduate of Bucknell University and earned an MBA from UNC-Chapel Hill.

Jordan Harris
Director of Engineering

Jordan leads the technology team at ViscoSoft, including leading the technical design, implementation and support for all applications (e-commerce, client-side, internal). His business degree from UNC Chapel Hill’s Kenan-Flagler School of Business & graduate coursework in computer science at UNCC. His previous professional experience in finance provides him with a unique mindset and ability to align and guide technology with business needs and priorities. He is a self-taught developer and has extensive experience using Agile methodologies to build enterprise-grade applications with a focus on CI/CD, testing, cloud ops, security, data warehousing, and data science.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 5 annual reports (FY2021–FY2025)

Missing: 2021, 2022, 2023, 2024, 2025

40 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UOct 5, 20220001665160-22-002621
    EDGAR
  • Form C-UDec 7, 20210001665160-21-002152
    EDGAR
  • Form CSep 17, 20210001665160-21-001662
    EDGAR
Source: ManualCIK 0001875894NCShare price $188.68

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.